Gold price hits an all-time high of $2,469 on growing expectations of a Fed rate cut in September. Trump’s potential election win fuels market volatility, driving investors to non-yielding assets. Lower-than-expected inflation data and Powell’s … [Continue reading]
Mexican Peso climbs on prospect of wider interest rate differential
Mexican Peso strengthens by 0.35% as traders fully price in the Fed rate cut for September. Banxico’s dovish comments and Fed Chair Powell’s balanced mandate remarks influence market sentiment. US Dollar Index (DXY) rises slightly to 104.18; US … [Continue reading]
New Zealand GDT Price Index increased to 0.4% from previous -6.9%
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
USD/CAD: To face a deeper pullback below 1.3580 – Societe Generale
The USD/CAD pair looks poised to inch higher towards descending trend line drawn since April near 1.3755, Societe Generale FX analysts note. Inches higher towards 1.3755 “USD/CAD recently defended the trough of May near 1.3580 which is also … [Continue reading]
Algorand price sets for a rally following descending trendline breakout
Algorand price breaks above the descending trendline, suggesting a bullish move ahead. Side-lined buyers can accumulate ALGO around the $0.1382 level. A daily candlestick close below $0.1234 would invalidate the bullish thesis. Algorand (ALGO) … [Continue reading]
PBOC sets USD/CNY reference rate at 7.1328 vs. 7.1313 previous
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Dow Jones Industrial Average cracks fresh all-time peak on Monday as Fedspeak drives sentiment
Dow Jones breached into a new all-time high of 40,346.22 on Monday. Fedspeak continues to dominate market attention as traders await cuts. Rate markets see 98% chance of September rate cut according to CME’s FedWatch. The Dow Jones Industrial … [Continue reading]
Canadian Dollar flounders on Monday, BoC notes continued pessimistic outlook
The Canadian Dollar broadly weakened on Monday as markets look elsewhere. Canada caught in a trap of low expectations feeding even lower expectations. Canadian CPI inflation due on Tuesday, could help or hinder CAD. The Canadian Dollar (CAD) broadly … [Continue reading]
Gold price grips gains to near $2,400 on firm Fed rate-cut prospects
Gold price gains above $2,400, driven by growing speculation for Fed rate cuts in September. Softer-than-expected US inflation for June indicated that price pressures are on course to return to 2%. Investors await Fed Powell’s speech and … [Continue reading]
Pound Sterling holds strength as Fed rate-cut bets swell, UK inflation in focus
The Pound Sterling rises to near 1.3000 against the US Dollar as the Fed looks set to start reducing interest rates in September. Hot US PPI report fails to diminish Fed rate cut bets. Investors await the UK inflation and employment data for fresh … [Continue reading]